智通财经网·2025-11-26 09:06Core Insights - Li Auto's total vehicle deliveries for the three months ending September 30, 2025, were 93,211 units, a year-on-year decrease of 39.0% [1] - Vehicle sales revenue amounted to RMB 25.9 billion, down 37.4% year-on-year and down 10.4% quarter-on-quarter [1] - Total revenue was RMB 27.4 billion, reflecting a year-on-year decrease of 36.2% and a quarter-on-quarter decrease of 9.5% [1] - Gross profit was RMB 4.5 billion, a year-on-year decrease of 51.6% and a quarter-on-quarter decrease of 26.3% [1] - The net loss was RMB 624.4 million, compared to net profits of RMB 2.8 billion and RMB 1.1 billion in Q3 2024 and Q2 2025, respectively [1] Company Operations - As of September 30, 2025, the company operated 542 retail centers in 157 cities and 546 after-sales service centers in 225 cities [1] - The company has established 3,420 Li Auto Supercharging stations, equipped with 18,897 charging piles [1] Product Performance - The CEO highlighted strong momentum for Li Auto's pure electric models, with total orders for the Li i8 and Li i6 exceeding 100,000 [2] - The VLA driver model achieved a monthly usage rate of 91% in October, with user penetration at an industry-leading level [2] Financial Outlook - For Q4 2025, the company expects vehicle deliveries to range from 100,000 to 110,000 units, a year-on-year decrease of 37.0% to 30.7% [2] - Total revenue is projected to be between RMB 26.5 billion and RMB 29.2 billion, reflecting a year-on-year decrease of 40.1% to 34.2% [2]